Free Oracle 1z0-1060-24 Practice Test & Real Exam Questions
Your client, a banking organization, currently uses different transaction systems for various types of loans, including vehicle loans, personal loans, education loans, and housing loans. The client has already implemented other subledger applications including payable, assets, and expenses.
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?
You have been hired as a consultant to help them implement the Accounting Hub solution for streamlining the accounting entries from the source system. One of their requirements is to track the overall loan amount disbursed by each loan officer. You decide to use the supporting references functionality to achieve this requirement. However, when you try to define the loan officer as a supporting reference, the add option is disabled.
What could be the reason for this issue?
Correct Answer: C
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Apart from a mapping set-based account rule, which is the other way to retrieve segment values for journal entries?
Correct Answer: C
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You are explaining to an accountant that account override is an adjustment feature of subledger accounting.
Which two traits can help you explain this?
Which two traits can help you explain this?
Correct Answer: C,D
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You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.
Which TWO traits can help you further explain this feature?
Which TWO traits can help you further explain this feature?
Correct Answer: B,D
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To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?
What are the tables or views called?
Correct Answer: B
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Which statement is true about journal entry rule sets?
Correct Answer: A
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Which TWO options can you use for reconciling subledger journal entries with the source system?
Correct Answer: B,C
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Your customer wants to monitor the balances of their key General Ledger (GL) accounts on a regular basis and asks your advice on the best reporting option.
Which reporting tool would you suggest?
Which reporting tool would you suggest?
Correct Answer: D
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Your client is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?
Correct Answer: A,C
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